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#1 |
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I'm Rich Bitch
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Yesterday's post about Borders closing down its unprofitable CD and DVD sections prompted a tip from the owner of a small music label. He says his distributor has already cut off shipments to Borders once for nonpayment (in November 2008), and on Monday the distributor warned labels that they'll have to agree not to hold him "liable on any future shipments to Borders in case they file for bankruptcy." Borders' CFO left in January, which is rarely a good sign for a troubled company. And this morning, the Detroit Free Press notes that the bookseller is facing being delisted from the New York Stock Exchange. We may not have to wait long to find out; CEO Ron Marshall is hosting a conference call with analysts and investors next week.
http://consumerist.com/5183629/is-bo...ut-to-go-under |
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The Key to the Kingdom of Heaven: John 3:3 Money Doesn't Buy Happiness...But I'd Rather Cry in My Private Jet |
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#2 |
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Suburbanite Extrordinaire
Forum Star
Join Date: Dec 29, 2001
Location: New Jersey - the cradle of civilization
Posts: 16,588
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That sucks.
I like the Borders store in the Time Warner Center. |
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#3 |
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God Bless Val
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Join Date: May 29, 2006
Location: Bewitched in Ohio
Posts: 70,392
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What a shame. I've always liked Borders.
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#4 |
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Member
Forum Superstar
Join Date: Dec 16, 2001
Posts: 30,406
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oh dear.
i love that store.
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#5 |
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Member
Senior Member
Join Date: May 23, 2008
Location: MACY*S on 34th St.
Posts: 1,908
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although i feel bad for the employees i can't stand that store, so i will not miss it. very high priced and not very good selection.
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Faith is believing in things when common sense tells you not to. - Fred Gailey & Doris Walker It was the movie that no one thought would be a hit It was the sleeper a studio had no idea how to sell And its success was even more miraculous because this Christmas present was opened in June! Fred & Doris Gailey FOREVER! That's the magic of macy*s |
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#6 |
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Member
Forum Veteran
Join Date: Apr 01, 2008
Posts: 6,094
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I like Borders but I never really buy CD's or DVD's from there.
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#7 |
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Member
Forum King
Join Date: Feb 15, 2005
Posts: 133,383
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It's actually very scary seeing all the stores that are closing. First Circuit City, now the 2 Virgin Megastores in NYC, and Borders is now not looking in such great shape. Well, Virgin and Borders did have high prices so I'm not too surprised. It's very easy to find cheaper DVDs & CDs elsewhere. (I'm just grateful I have a job and am crossing my fingers and hoping for the best.
) I've never seen the economy this bad.
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#8 |
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Cat-tastic and Whiskerlicious
Forum Celebrity
Join Date: Sep 01, 2006
Location: The Catacombs
Posts: 20,815
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NOOO
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#9 |
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23 Years at Sitcoms Online
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Join Date: Jun 06, 2003
Location: Somewhere you're Not
Posts: 62,132
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I liked to buy DVD movies at Borders. They had a great selection and the prices weren't that bad. I don't know where I'm going to shop for them now because Borders did have some rare classic movies in their collection. The TV DVDS were really expensive though so I rarely bought them there.
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Sonny |
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#10 |
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Member
Forum Fanatic
Join Date: Apr 16, 2002
Location: Keaton residence
Posts: 10,214
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That's a shame. Though I hardly ever buy there because of the high prices.
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Jenny |
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#11 |
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Member
Forum Celebrity
Join Date: May 23, 2002
Posts: 21,714
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I hope this isn't true... I really enjoy Borders!
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#12 |
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Andy Gibb aged 12
Forum 3000 Club Member
Join Date: Dec 03, 2004
Location: Courthouse Square, Hill Valley, beside the clocktower, 10:04 p.m., November 12th 1955
Posts: 3,912
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NO! Not Borders!
I really like the place. Plus, they have many books that they don't have at the bookshop in my town. EDIT: Would this apply to Borders stores in the UK? |
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#13 | |
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Member
Forum Veteran
Join Date: Apr 01, 2008
Posts: 6,094
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Quote:
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#14 |
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certified wackball#3
Moderator
Forum Icon Join Date: Aug 03, 2003
Location: hiding under the third booth at Arnold's
Posts: 58,200
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they need to push their online presence heavily, even if it means selling through Amazon or partnering with someone else, or they just aren't going to survive.
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